Brexit Bulletin: The End of London’s House-Price Boom?
ByEU leaders meet at sea while Brexit threatens an end to London home-price growth
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The leaders of Germany, France and Italy meet on board an Italian aircraft-carrier today as they try to ensure the EU doesn’t founder in the aftermath of the Brexit vote. The meeting aboard the Giuseppe Garibaldi, which usually patrols the Mediterranean in search of shipwrecked migrants, will be rich in symbolism, Bloomberg’s John Follain, Geraldine Amiel and Birgit Jennen report.
Back in the U.K., with politicians still on holiday, the focus remains on the economic consequences of Brexit. Home values in London will fall next year for the first time since 2009, according to Countrywide, the U.K.’s largest real estate broker. Price growth for homes in the capital will slow to 3.5 percent this year and drop by 1.25 percent in 2017, Bloomberg’s Sharon Smyth reports…
Brexit Bulletin: The End of London’s House-Price Boom?
